NextEra Energy (NYSE:NEE) Stock Price Down 0.3% – Here’s Why

Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.3% during trading on Wednesday . The stock traded as low as $83.00 and last traded at $83.49. 2,948,914 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 10,720,354 shares. The stock had previously closed at $83.70.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NEE shares. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Citigroup increased their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Wells Fargo & Company increased their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Price Performance

The firm has a market cap of $167.30 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.92 and a beta of 0.56. The company’s fifty day moving average is $82.30 and its 200 day moving average is $76.01. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Proffitt & Goodson Inc. increased its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the period. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the 2nd quarter worth about $33,000. Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $39,000. Finally, ORG Wealth Partners LLC bought a new position in shares of NextEra Energy during the third quarter worth approximately $45,000. 78.72% of the stock is owned by institutional investors.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.